If you've been wondering how to project your cash flow forward, this video is for you. Specifically, you'll learn the 8 steps to building a business budget. It's not enough to look backwards and see what you've done. You need to be able to see where you're going and what's coming up next.

Timestamps:

00:00 Intro
00:26 Step 1 - Establish Clear Objectives
00:53 Step 2 - Review Your Historical Data
01:15 Step 3 - Determine Your Fixed Costs
01:44 Step 4 - Identify Variable Expenses
02:20 Step 5 - Set Aside Contingency Funds
02:51 Step 6 - Project Your Income
03:17 Step 7 - Adjust and Trim
03:50 Step 8 - Review Regularly

If you follow these steps, you'll be well on your way to building transferable value and preparing your business for an eventual exit.

Remember, having an exit strategy doesn't mean you're ready to exit. It means you're building a business you can exit.

💬 Reach out! I'd love to connect with you on LinkedIn.
https://linkedin.com/in/chrisalman

📲 Schedule a free strategy call.
https://www.equipfp.com/strategy-call/

Equip Financial Partners, LLC (“EFP”) is a registered investment advisor offering advisory services in the State of Alabama and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by EFP in the rendering of personalized investment advice for compensation shall not be made without first complying with jurisdiction requirements or pursuant an applicable state exemption.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of EFP, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

#businessbudget #businessowner #budgeting #budget #exitstrategy #equipped2exit

Let's talk about cash flow management! We're going to learn about...

00:00 Introduction
00:12 Cash vs Profit
00:33 Accounts Receivable
01:08 Accounts Payable
01:49 Contingency Reserve
02:08 Cash Flow Forecasting
03:22 Efficiency
03:42 Outside Funding
04:26 Get Equipped!

💬 Reach out! I'd love to connect with you on LinkedIn.
https://linkedin.com/in/chrisalman

📲 Schedule a free strategy call.
https://www.equipfp.com/strategy-call/

Equip Financial Partners, LLC (“EFP”) is a registered investment advisor offering advisory services in the State of Alabama and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by EFP in the rendering of personalized investment advice for compensation shall not be made without first complying with jurisdiction requirements or pursuant an applicable state exemption.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of EFP, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

#businessowner #startups #startupfounders #equipped2exit #exitstrategy

First off, if nothing else, you'll get a good laugh from this video.. Now on to the good stuff!!

Let's talk about "NIIT." ...And, no, I don't mean those little bugs that plagued your 3rd grade classmates. 😂

I'm talking about the Net Investment Income Tax.

It's a sneaky little tax that's targeted at high-earning individuals and couples.

If you aren't paying attention to the types of income you have, you may inadvertently put yourself right in it's sights.

Luckily, there are ways to minimize and potentially avoid it. Let's see what it is and how you can combat it!

Timestamps:
00:00 Introduction
00:22 What is NIIT?
01:01 Who does it affect?
01:29 What income does it affect?
02:26 Strategies to consider
02:52 How CPAs and Planners can help
03:14 Get Prepared

💬 Reach out! I'd love to connect with you on LinkedIn.
https://linkedin.com/in/chrisalman

📲 Schedule a free strategy call.
https://www.equipfp.com/strategy-call/

RESOURCES:
Net Investment Income Tax "NIIT" - Information dated August 8, 2023
https://www.irs.gov/taxtopics/tc559

Equip Financial Partners, LLC (“EFP”) is a registered investment advisor offering advisory services in the State of Alabama and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by EFP in the rendering of personalized investment advice for compensation shall not be made without first complying with jurisdiction requirements or pursuant an applicable state exemption.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of EFP, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

Is your business prepared for hard times and financial troubles? If not, today's video is going to cover 5 must ask questions every business owner should have an answer to.

We'll cover...

Timestamps:
00:00 Intro
00:14 What is Financial Resilience?
00:54 Key Components of a Contingency Plan
01:29 How to Prepare for the Unexpected
02:06 Impact of Financial Resilience on Valuation
02:47 How Contingency Planning Ties Into Exit Strategy
03:31 Why It Matters

💬 Reach out! I'd love to connect with you on LinkedIn.
https://linkedin.com/in/chrisalman

📲 Schedule a free strategy call.
https://www.equipfp.com/strategy-call/

Equip Financial Partners, LLC (“EFP”) is a registered investment advisor offering advisory services in the State of Alabama and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by EFP in the rendering of personalized investment advice for compensation shall not be made without first complying with jurisdiction requirements or pursuant an applicable state exemption.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of EFP, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

#businessstrategy #businessowner #equipped2exit #businessfinance #questionsandanswers #getready

If you're a business owner and you're wanting to build a business that not only generates cash flow but also grows in value consistently, then this video is for you.

In today's video, we'll talk about how focusing on client experience and retention will increase your business's value and give you greater success when it comes time to sell or transition your business.

Timestamps:
00:00 Introduction
00:16 The importance of customer experience
00:47 Building loyalty and adapting to change
01:18 Strategies and investing in customer experience
02:10 Exit planning and customer retention
03:03 Get started! Book a strategy call

💬 Reach out! I'd love to connect with you on LinkedIn.
https://linkedin.com/in/chrisalman

📲 Schedule a free strategy call.
https://www.equipfp.com/strategy-call/

Equip Financial Partners, LLC (“EFP”) is a registered investment advisor offering advisory services in the State of Alabama and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by EFP in the rendering of personalized investment advice for compensation shall not be made without first complying with jurisdiction requirements or pursuant an applicable state exemption.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of EFP, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

#businessstrategy #entrepreneur #retirement #wealth #businessowner #equipped2exit #personalfinance #customerexperience #customerretention

Learn how to increase your business value by improving your customer experience and retention rate. Full video to follow!

💬 Reach out! I'd love to connect with you on LinkedIn.
https://linkedin.com/in/chrisalman

📲 Schedule a free strategy call.
https://www.equipfp.com/strategy-call/

Equip Financial Partners, LLC (“EFP”) is a registered investment advisor offering advisory services in the State of Alabama and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by EFP in the rendering of personalized investment advice for compensation shall not be made without first complying with jurisdiction requirements or pursuant an applicable state exemption.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of EFP, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

Do you meet with your CPA 1x or 2x per year and still feel like you're paying too much in taxes? Well, you probably are. The truth is most CPAs don't do tax planning.

What we'll cover:
00:00 - What CPAs Do
00:44 - Common Misconception
01:50 - Where I Come In
02:30 - Important to Remember
02:53 - You Need a Financial Team

💬 Reach out! I'd love to connect with you on LinkedIn.
https://linkedin.com/in/chrisalman

📲 Schedule a free strategy call.
https://www.equipfp.com/strategy-call/

Equip Financial Partners, LLC (“EFP”) is a registered investment advisor offering advisory services in the State of Alabama and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by EFP in the rendering of personalized investment advice for compensation shall not be made without first complying with jurisdiction requirements or pursuant an applicable state exemption.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of EFP, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

Every time you hear the word, you cringe. I get it! You don't want a budget... nor do you need one!

There's a much better way to manage your spending. Let me teach you a new way.

💬 Reach out! I'd love to connect with you on LinkedIn.
https://linkedin.com/in/chrisalman

📲 Schedule a free strategy call.
https://www.equipfp.com/strategy-call/

#businessowner #youneedabudget #ynab #businessstrategy #entrepreneur #wealth #wealthyhabits #equipped2exit

@TaxStrategyDigest

Equip Financial Partners, LLC (“EFP”) is a registered investment advisor offering advisory services in the State of Alabama and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by EFP in the rendering of personalized investment advice for compensation shall not be made without first complying with jurisdiction requirements or pursuant an applicable state exemption.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of EFP, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.